China and South Korea since the era of warming and other six areas of warming and other fields of maritime power to help
- Date: Nov 04, 2015
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- Categories: News
November 1st, Chinese Premier Li Keqiang in Seoul to attend the economic circles of South Korea to welcome luncheon and keynote speech, he said, China and South Korea established diplomatic relations in just 20 years, bilateral trade volume has been close to $60, an increase of nearly 300000000000 times. The momentum of rapid development in the world “is a precedent”. China’s opening up to the outside world will open up more and more, will be the future development of China ROK economic and trade cooperation more broad world.
It is worth mentioning that, in recent years, the growth rate of China and South Korea trade has more than in the Sino Japanese trade. According to customs statistics, 2014 China South Korea bilateral trade amounted to $29.05 billion, China has become South Korea’s largest trading partner and the largest export destination and the largest source of imports. June 1st of this year, the two countries signed a trade agreement between China and South Korea, according to preliminary estimates, the future of China and South Korea FTA, the two countries will join forces to form a huge market economy of $12.
Industry insiders said that China and South Korea are increasingly closely linked. Economic and trade ties are one of the important driving force. Seize the opportunity to grab the Chinese and South Korea free trade era, will give a strong vitality in the field of commercial trade, cosmetics, agricultural products, in addition, maritime, port, tourism related stocks are expected to continue to benefit.
Huatai Securities pointed out that the establishment of China South Korea FTA will make the port and maritime industry first benefit. Logic lies in: on the one hand, the trade scale is expected to increase significantly, while South Korea’s goods trade is mainly based on maritime trade, which brings the port throughput and the corresponding increase in the amount of goods at sea. Recommendations focus on an important port in the northern region of the operating companies and shipping companies, including Dalian port, Tianjin port, Lianyungang port and Bohai ferry, Tianjin ocean shipping, COSCO, CSCL and other shipping companies.
Market performance, the “Securities Journal” reporter found that recently, the China ROK FTA concept stock performance better. Among them, the port stock transaction obvious, since October as of yesterday, the cumulative increase of Rizhao Port 31.78%, followed by is Dalian port, the cumulative increase of 26.5%, Yantai moon, Bohai Sea ferry, times Wanheng and Lianyungang cumulative gains were also in more than 20%, respectively 23.98%, 21.99%, 21.04% and 20.53%.
Dalian Port operate as a unified platform for port logistics business is in Northeast China’s largest integrated terminal operators, for customers to provide oil / liquid chemicals terminal and related logistics services, container terminal and related logistics services, car terminal and related logistics services, ore terminal and related logistics services, ports and logistics business, scattered grain wharf and related logistics services, passenger ro Ro Terminal and logistics business and port value-added and business support.
October 13, 2015, the company issued shares approved by the securities and Exchange Commission (June 30, 2015 announcement, the shareholders’ meeting of the company by the value of 5 shares of H shares, raising about 25% for the company’s oil business expansion; about 35% for the company’s domestic and foreign investment or optimization integration, docking “area along the way” strategy, namely the use of the Internet, big data, cloud computing and other advanced technologies in the port area of the application, to promote smart port, intelligent port information application system and cross-border electricity suppliers to build; about 10% of the company’s other professional port logistics facilities; about 80% used to supplement the company’s liquidity.
Source: Securities Daily